New Company Aims to Help Businesses Check If Their Partners Are Secure

A new cybersecurity company called Magnitude just announced it received $10 million in funding to develop its products. The company focuses on helping businesses evaluate whether the other companies they work with have strong security practices in place. They plan to use artificial intelligence to automate this checking process. This news does not directly affect families or home internet users. Magnitude builds tools for businesses to assess their business partners, suppliers, and vendors.

If you are not responsible for security decisions at a company, this development does not require any action on your part. You do not need to do anything in response to this announcement. This is purely a business-to-business technology service. No consumer accounts, personal data, or family information is involved in this story. However, this news does highlight an important concept for families. Just as businesses need to verify that their partners follow good security practices, families should think about which companies they trust with their personal information. When you sign up for a new app, online service, or website, you are trusting that company to protect your data. Choose established services with clear privacy policies, and think twice before sharing personal information with unfamiliar companies or apps.